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Home / Metal News / Long steel social inventories in Guangzhou extend gains by 2.3% on week

Long steel social inventories in Guangzhou extend gains by 2.3% on week

Sep 11, 2019 10:56

Source:SMM

Stocks 2.3% from a week ago to 881,300 mt as of Sep 11

SHANGHAI, Sep 11 (SMM) – Social inventories of long steel, including wire rods and rebar, in Guangzhou of Guangdong province, rose this week for a second straight week, gaining 2.3% from a week ago to 881,300 mt as of Wednesday September 11, showed SMM data.

The stocks were 20.96% higher than the same period last year.

Rebar accounted for 462,400 mt, up 0.87% from a week ago and 6.77% from a year ago.

Stocks of wire rods rose 3.92% week on week and 41.76% year on year to 418,900 mt.

Inventory data

Long steel

Rebar

Wire rods

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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